Tax Planning and The Dairy Herd Buyout
Smith, Stuart F.
In conclusion, there are many tax consequences and planning strategies that should be considered before and after a decision is made to participate in the Milk Production Termination Program. Each dairy farmer should recognize and understand the major tax implications of various buyout options and plan tax management strategies to maximize after tax income providing they are consistent with wise business management practices.
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Charles H. Dyson School of Applied Economics and Management, Cornell University